World News – Page 357
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Tallinn investments
The Port of Tallinn has set itself strategic goals for its three major business lines - cargo handling, passenger transport and real estate development.
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NewsShare swap-shop for HPH
A giant share swap-shop has been taking place between Hutchison Port Holdings (HPH), Nippon Yusen Kabushiki Kaisha (NYK), and the Evergreen group.
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NewsBusan committed to global programme
Bucking the trend, Busan Port is to globalise its operations in the face of the economic slowdown.
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Auckland revaluation
"Competitive" trading conditions have seen Auckland Regional Holdings drop Ports of Auckland''s book-value from NZ$587.8m (US$323.4m) to NZ$495.7m (US$272.7m). The Auckland Regional Council subsidiary also expects a NZ$24.3m (US$13.4m) dip in the port''s dividend yield over the next three years and NZ$100m (US$55m) drop over 10 years.
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Seagirt terminal upgrade
Maryland Port Authority has hired consultants to identify potential bidders interested in spending $100m-$120m on boosting capacity at the Seagirt Marine Terminal in return for a lease agreement.
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Queensland port potential
A new port will be built if approval is forthcoming for a 30 million-tonnes-a-year coal mine in Queensland''s Galilee Basin. Hancock Prospecting has studied Abbot Point and Dudgeon Point, to the south of Hay Point, as possible locations.
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NewsPainting a rosy picture
A "Baltic Port Barometer" study carried out in June-August this year painted a rosy picture of growth and investment. Felicity Landon examines the findings
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NewsTurkish port's expansion plans
Marport East (previously Kumport), has ordered another eight E-One+ rubber-tyred gantry cranes from Kalmar to support its five-year expansion plan, which also includes land reclamation and bridge connections.
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The Italian job
Kalmar has acquired an 80% share of two Italian service companies, CVS Technoports and CVS Service from the CVS Ferrari Group, who will retain 20%. The companies will work under the name Officine Cargotec Ferrari and will focus on developing the service offering towards container and material handling customers in ...
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Spain ramps up port investment
Spain''s Development Ministry is to invest ¢ 1.537bn ($1.94bn) in the national ports network, covering construction of 2,900 metres of linear berth and 91 hectares of new operating area.
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NewsCentrePort 'forgotten' in regional planning
Newly-appointed CentrePort Wellington chairperson Warren Larson believes the Capital City''s port is being overlooked in regional transport planning initiatives.
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Paita concession timeline
.hmmessage P { margin:0px; padding:0px } body.hmmessage { font-size: 10pt; font-family:Verdana }Investors interested in the concession for Peru''s Paita port, have until February 13, 2009 to present documents in the prequalification process, ProInversió n which promotes private investment there, has said. The 30-year Paita concession consists of the design, ...
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El Prat cost doubles
The collapse of 600 metres of newly built quayside at the Port of Barcelona''s Prat development area on the January 1, 2007 has reportedly doubled the cost of the work of constructing the new container terminal there to nearly ¢ 200m ($252.6m).
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Baltic Container Terminal gets set for expansion
The construction of a 200-metre quay extension, due to start next year, will increase capacity at the Baltic Container Terminal in Riga from 600,000 to 1m teu.
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Nigeria drops port charges by 30%
The president of Nigeria has approved a 30% reduction in charges, fees and fines imposed by the regulatory agencies on cargo cleared at national ports.
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NewsPhasing in a freight station
Eredene Group has invested in a new container freight station (CFS) close to the rapidly expanding Indian port of Ennore.
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DP World in Algerian venture
DP World (50%) and Entreprise Portuaire d''Alger-EPAL ed Entreprise Portuaire de Djen Djen (50%) have put together a joint-venture to manage a container terminal in the Algerian Port of Djen Djen. In the first stage development, a 200-metre quay will be built to serve a back area of 150,000 square ...
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Rotterdam in Malaysian venture
Rotterdam Port Authority has signed a memorandum of understanding with Malaysia''s Palm Oil Industrial Cluster to develop the Port of Lahad Datu on the island of Borneo. The eventual port could cover an area of 5,500 hectares.
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NewsJebel Ali slashes congestion times
Delays at DP World''s flagship Jebel Ali facility in Dubai have been cut from as long as a week to less than a day following the introduction of higher storage charges.
